BAKU, Azerbaijan, May 6
By Tamilla Mammadova – Trend:
Unlike 2020, more Georgian banks saw profit in the 1Q2021, Trend reports via the National Bank of Georgia (NBG).
Only three banks received a loss - Silk Road Bank, Finca, and Pasha Bank, the National Bank of Georgia report.
According to the financial indicators of the 1Q2021, two large banks - TBC Bank and Bank of Georgia made a profit in the 1Q2021. TBC bank’s profit in the reporting period made 159.96 million lari ($46.6 million); Pre-provision operating profit amounted to 174.17 million lari ($50.7 million). Bank of Georgia earned 192.40 million lari ($56.09 million). Pre-provision operating profit totaled 192.87 million lari ($56.2 million).
Financial performance of other banks looks like this:
Basisbank - 7.15 million lari ($2.08 million);
Silk Road Bank - 965,574 lari ($281520);
Credo Bank - 7.53 million lari ($2.1 million);
Cartu Bank -8.62 million lari ($2.5 million);
Finca Bank Georgia - 330,033 lari ($96,223);
Halik Bank - 3.60 million lari ($1.04 million);
Ishbank Georgia - 2.46 million lari ($717,232);
Terra Bank - 6.92 million lari ($2.01 million);
Liberty Bank - 10.62 million lari ($3.09 million);
Pasha Bank Georgia - 1.28 million lari ($373,194);
ProCredit Bank - 9.75 million lari ($2.8 million);
VTB Bank - 5.14 million lari ($1.4 million);
Ziraat Bank Georgia - 180,994 lari ($52,770).
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